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FinTech

FinTech

Why Paytm, India’s biggest fintech startup, opened its innovation lab in Canada

Why Paytm, India’s biggest fintech startup, opened its innovation lab in Canada
The floor is shaking in this sun-drenched, airy downtown Toronto office. Blame that on the two young men, one in shorts and a soccer jersey, thudding around the ping-pong table just off the centre of the room. About 50 engineers, developers and data scientists—one of...

Collaboration Is The Way Forward For Banks And FinTech

Banks & FinTech
Much has been said and writtenabout the impending doom of banking, as customers begin to flock over to Fintech products and services. However, the claim that Fintech will kill banking is still an overstatement. Banking, as we know it, is changing because of Fintech,...

3 Ways FinTech Is Disrupting The Indian Lending Space

3 Ways FinTech Is Disrupting The Indian Lending Space
Fintech companies today are introducing a gamut of financial services comprising basic banking functions, lending, payment solutions, personal wealth-management and analytics-backed financial advisory services. The Indian fintech sector saw investments upwards of $1.6 billion in 2016 and has been growing at a steady rate,...

IT Outsourcing – Driving Technological Innovation for the Banking Sector?

IT Outsourcing
Businesses in all industries across the globe, both large and small, are increasingly incorporating technology into their operations in order to improve efficiency, lower costs and generate higher returns. The adoption of outsourcing in the banking sector across various business functions—the so-called business-process outsourcing...

5 hottest trends in FinTech

5 hottest trends in FinTech
The term “Fintech” has ubiquitously entered the arena of the financial industry and certainly looks as if it’s a term that is here to stay. While technology isn’t by any stretch something new to the financial industry, the “fintech” trend more accurately refers to...

Peer-to-Peer (P2P) Lending: Banking Without Banks

P2P Lending
Sharing is a good thing, we learned in kindergarten, but that wisdom was soon called into question by the grown-up world of getting and spending. Now, new age capitalism has spun out a wonderful invention: the “sharing economy,” which holds out the promise of...

Fintech partnerships reveal innovation insecurities

Fintech partnerships reveal innovation insecurities
The world's banks have poured billions of dollars into new technologies but many say their innovation strategies are falling short as concerns about cyber security, intellectual property rights and procurement hinder partnerships with fintech firms. That is according to a study conducted by the law...

Online Small-Business Lending Is Set to Bounce Back

Online Small-Business Lending Is Set to Bounce Back
For online business lenders, 2016 was a rough year. Two prominent fintech companies saw their market valuations drop. One small-business lender abruptly stopped issuing loans temporarily due to performance issues, while another was forced to shut down. The industry as a whole faced heightened skepticism...

Gift Cards As Currency – How Fintech Is Changing The Way We Give

Gift Cards As Currency - How Fintech Is Changing The Way We Give
Giving and receiving unwanted gifts is an experience all too familiar for most of us. In fact, Americans spend a whopping $9.5 billion on unwanted gifts. Of course, returning a gift to the giver is not an option, unless you want to effectively severe ties...

The Impact of AI on FinTech’s Future

The Impact of AI on FinTech's Future
It’s clear that artificial intelligence (AI) is already one of the defining trends in fintech in 2017 and an increasingly popular buzz word in the industry. Businesses are gradually understanding the importance and benefits of machine-learning technology. Self-made billionaire Mark Cuban has boldly claimed that...
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